Pine Street Capital Partners II, LP (PSCP) is pleased to announce a new investment in Summit Sports. Based in Bloomfield Hills, MI, Summit Sports is a leading multi-channel action sports company and operator of the websites www.skis.com, www.snowboards.com, www.inlineskates.com, www.wateroutfitters.com, and www.campgear.com. PSCP co-invested in this transaction with Bay Capital Investment Partners, Eagle Private Capital, and Digital Fuel Capital. The investor group is partnering with the company founder to support Summit’s acquisitions of other e-commerce leaders in specialty sporting goods, as well as continue Summit’s organic growth and strong performance in the action sports industry.
We are actively seeking new investments which meet our criteria, and we are committed to responding quickly to opportunities in a thoughtful and transparent manner. We look forward to working with you.
About Pine Street Capital Partners
Pine Street Capital Partners is a multi-fund management company formed in 2004. PSCP's latest fund, Pine Street Capital Partners II, LP, continues our strategy of investing subordinated debt and non-control equity in smaller established companies with experienced and committed management teams, providing capital for buyouts, recapitalizations, acquisitions and corporate growth. PSCP has a broad investment mandate, with a preference for niche manufacturers, business services, health care and later stage IT companies. We will invest $2-6 million per transaction either as sole investor or as part of a larger investor group.